Dawn,
Today’s article lamenting the lack of progress on the Fry Street development got me thinking. I feel a bit uneducated about some important aspects of the Fry Street matter. Did the developers expect to be approved for a drive-thru before they broke ground? If so, why? Did the anyone in the city give them any confidence? Or was CVS not lined up before the developers razed all the buildings? In any case, why don’t the developers just pursue other tenants—ones not needing a drive thru, for instance? There has to be some interest.
Just an observation about due diligence: I’d want to know if I had approval before I invested heavily in a certain property. Could it be that the developers felt that after the businesses are evicted and the buildings were razed that the city would have little choice but to go along with the developers’ plans? I could imagine that scenario. Could the city make a determination as to whether the developers acted in good faith?
I would like some vibrant local retail to have a presence in any future development. Denton should really think about it’s brand. Does Denton really want to be another bedroom community to Dallas with the same anonymous retail centers that can be found within five minutes drive of any other location in DFW? A real opportunity exists for Denton to brand itself different and achieve sustainable development.
Yours,
Carson Hammett
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment